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RESOLUTION: LRA 2003-8
SUBJECT: A resolution authorizing the Lakewood Reinvestment Authority to adopt the 2004 Annual Budget.
ADDRESS: N/A
RECOMMENDATION: Approval of the LRA resolution adopting the budget for the year 2004.
FUNDING SOURCE: Funds will come from the Lakewood Reinvestment Authority.
SUMMARY AND BACKGROUND OF SUBJECT MATTER: The resolution as submitted identifies all available financial sources, authorized financial uses, and ending Fund balances for the Annual Budget for the year 2004, as well as authorized budget revisions for the year 2003.
RESOLUTION ADOPTION DATE: October 27, 2003
ORIGINATED BY: Rebecca P. Clark, LRA Director
STAFF PERSON RESPONSIBLE: Rebecca P. Clark, LRA Director, 303-987-7525
DOCUMENTS ATTACHED: 2004 Budget Resolution
NOTE: The 2004 Budget document is on file in the Community Planning & Development
Department
2004 Lakewood Reinvestment
Authority Budget
SUBMITTED BY:
Rebecca P. Clark, LRA Director
Jacque Wedding-Scott, LRA Treasurer
REVIEWED BY:
Michael J. Rock, Executive Director
Margaret A. Greer, LRA Clerk
LRA 2003-8
A RESOLUTION
AUTHORIZING A REVISED BUDGET FOR THE YEAR 2003 FOR THE LAKEWOOD REINVESTMENT AUTHORITY AND FURTHER ADOPTING THE ANNUAL BUDGET FOR THE LAKEWOOD REINVESTMENT AUTHORITY FOR THE FISCAL YEAR BEGINNING ON THE FIRST DAY OF JANUARY, 2004, AND ENDING ON DECEMBER 31, 2004, ESTIMATING THE AMOUNT OF MONEY TO BE DERIVED FROM TAX INCREMENT FINANCING AND SETTING FORTH THE APPROPRIATIONS FOR EACH FUND
WHEREAS, the Lakewood Reinvestment Authority, upon notice duly advertised, held a Public Hearing on said budget on October 27, 2003, pursuant to the Colorado State Statute.
NOW, THEREFORE, BE IT RESOLVED by the Lakewood Reinvestment Authority of the City of Lakewood, Colorado, that:
SECTION 1. There is hereby appropriated from the revenue derived from tax increment financing during the years 2003 and 2004, the amounts hereinafter set forth in the attached 2004 Budget.
SECTION 2. Pursuant to the Colorado State Statute, both the revised budget for the year 2003, and the budget for the Lakewood Reinvestment Authority, for the fiscal year beginning January 1, 2004, and ending December 31, 2004, as heretofore proposed to the Lakewood Reinvestment Authority, and the same are hereby approved as the Revised 2003/2004 Annual Budget.
SECTION 3. The budget herein approved shall be signed by the Chair and Executive Director and made part of the public records of the Lakewood Reinvestment Authority.
INTRODUCED, READ AND ADOPTED by a vote of 11 for and 0 against at a regular meeting of the Lakewood Reinvestment Authority on the 27th day of October, 2003; published in full in the Lakewood Sentinel on the 16th day of October, 2003; set for public hearing on the 27th day of October, 2003; read, and adopted by the Board of Commissioners of the Lakewood Reinvestment Authority on the 27th day of October, 2003.
Stephen A. Burkholder, Chair
ATTEST:
Michael J. Rock, Executive Director
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